The Project Initiation Phase is the 1st phase in the Project Management Life Cycle, as it involves starting up a new project. You can start a new project by defining its objectives, scope, purpose and deliverables to be produced. You’ll also hire your project team, setup the Project Office and review the project, to gain approval to begin the next phase.
Overall, there are six key steps that you need to take to properly initiate a new project. These Project Initiation steps are shown below:
- Develop a Business Case
- Undertake Feasibility Study
- Establish the Project Charter
- Appoint the Team
- Set up the Project Office
- Perform a Phase Review
The Project Initiation Phase is the most crucial phase in the Project Life Cycle, as it’s the phase in which you define your scope and hire your team. Only with a clearly defined scope and a suitably skilled team, can you ensure success.